Technical analysis by GoBuyCrypto about Symbol SEI: Buy recommendation (9/16/2024)

SEI has been one of the top losers in the last 24 hours on CoinMarketCap. Being down 10.74% in the last 24 hours I still see an opportunity for this cryptocurrency to come back up. Looking at technical indicator RSI(Relative Strength Index) we can clearly see that the crypto is oversold which means there should be a pump soon. Sei (SEI) is a sector-specific Layer 1 blockchain, specifically designed to optimize trading. It strives to provide an edge to exchanges by aiming to offer speed, scalability, and reliability. Sei is a Layer 1 blockchain that aims to handle a high number of orders per second, with a transaction finality of 380ms. You can see blockchain activity at seiscan.app/pacific-1. My 2 targets are #1 0.2946$ and #2 0.3161$. Limiting my risk my stoploss is at 0.2547$. This gives us a 3 to 1 risk/reward ratio.